Australian commercial property continued to gain positive returns in the last quarter of 2012, according to new statistics from the Property Council/IPD index.
The total return for commercial property in the last quarter of 2012 was valued at 9.4 per cent according to the index. Although this was down from the 10.1 per cent index reported in the third quarter.
Returns on retail property were steady as they held at nine per cent.
Office and industrial returns were valued at 9.7 per cent and 9.6 per cent respectively but this was a decline from the previous quarter.
Although an overall decline is shown in the commercial property market, there is still room for an increase in return in 2013.
It is expected that the performance of the Australian commercial property market in 2013 will be dependent on how Australia’s economy fares.
Recently, interest in commercial property has been shown from sales figures and reported investments from overseas.
Posted by Steve Douglas
